U.S. companies are still cautiously managing salary increases despite the ongoing economic recovery. But they are more likely to bust out the bonuses for top performers as the battle for talent continues to heat up.
Such was the report from a survey by WorldatWork of 5,759 company representatives to questions about their budget for this year and next.
WorldatWork reported an across-the-board average salary hike of 3 percent in 2016 for all categories of employees, with a possible uptick to 3.1 percent in 2017.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
